Price for Crustacean Preparations; Lobster, Prepared or Preserved in Pakistan - 2023
Contents:
- Price for Crustacean Preparations; Lobster, Prepared or Preserved in Pakistan (FOB) - 2022
- Exports of Crustacean Preparations; Lobster, Prepared or Preserved in Pakistan
Price for Crustacean Preparations; Lobster, Prepared or Preserved in Pakistan (FOB) - 2022
The average export price for crustacean preparations; lobster, prepared or preserveds stood at $10,558 per ton in 2022, increasing by 7.9% against the previous year. Over the period under review, the export price recorded a buoyant increase. The pace of growth appeared the most rapid in 2019 when the average export price increased by 35%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($12,829 per ton), while the average price for exports to Qatar ($6,276 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+13.7%), while the prices for the other major destinations experienced more modest paces of growth.
Exports of Crustacean Preparations; Lobster, Prepared or Preserved in Pakistan
In 2022, overseas shipments of crustacean preparations; lobster, prepared or preserveds were finally on the rise to reach 15 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, faced a abrupt decline.
In value terms, exports of crustacean preparations; lobster, prepared or preserveds soared to $159K in 2022. Over the period under review, exports, however, saw a abrupt shrinkage.
| Export of Crustacean Preparations; Lobster, Prepared or Preserved in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | N/A | N/A | N/A | 115 | 0% |
| Singapore | 3.5 | 1.6 | 0.8 | 42.3 | 129.5% |
| Qatar | 1.4 | 0.3 | 0.1 | 2.1 | 14.5% |
| Hong Kong SAR | 68.3 | 6.2 | 8.1 | N/A | -65.6% |
| China | 22.2 | 5.1 | 1.2 | N/A | -76.8% |
| United Arab Emirates | 52.8 | 4.7 | 1.2 | N/A | -84.9% |
| Taiwan (Chinese) | 54.1 | N/A | N/A | N/A | 0% |
| Others | 4.2 | 0.6 | 0.1 | N/A | -84.6% |
| Total | 207 | 18.5 | 11.5 | 159 | -8.4% |
Top Export Markets for Crustacean Preparations; Lobster, Prepared or Preserved from Pakistan in 2022:
- Saudi Arabia (11.4 tons)
- Singapore (3.3 tons)
- Qatar (0.3 tons)
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